Question

In case of underemployment equilibrium ______

पर्याय

• AS < AD

• there is excess capacity in the economy.

• resources are not fully utilised.

• Both there is excess capacity in the economy and resources are not fully utilised.

Answer 1

In case of underemployment equilibrium there is excess capacity in the economy and resources are not fully utilised.

Explanation:

It's a condition in which unemployment is consistently higher than normal.